RED BANK, N.J., July 7, 2011 /PRNewswire/ -- TGI Group
(PinkSheets: TSPG), a diversified holding company, announced today
a 25% interest in ManageVision Inc. (http://www.managevision.com/),
a technically innovative software company that provides a
diversified product line of cloud computing applications and
services to businesses of all sizes, helping them realize
operational and financial control with simple-to-use tools that are
extremely cost effective.
CloudVision, a new division of ManageVision, addresses the
growing costs, complexity and lack of security found in many small
businesses operating on a traditional desktop / server-computing
model. Using the latest virtualization technology, CloudVision will
provide businesses across the world with solutions that address the
most common challenges at a fraction of the cost. The CloudVision
strategy creates an operating environment that does not compromise
functionality, reliability, expandability or speed; it reduces
operating expense and permits access to mission critical data from
anywhere in the world with a high-speed Internet connection.
"We are at the advent of a new computing model that will
revolutionize the technology industry. The traditional computing
model, such as desktop PCs and small business servers, will give
way to solutions that provide ubiquitous, on-demand access from a
variety of devices, including smart phones and tablets., Large
corporations are already embracing the cloud model and realizing
the substantial financial, operational, and management benefits.
CloudVision is well positioned to bring these significant benefits
to small-and-medium sized companies as well as individual
users," states Michael J.
Bettigole, CEO of ManageVision.
According to Forrester Research, the US Tech Industry outlook
for 2011 is likely to replay 2010's 8% overall domestic growth
rate. A report written by Andrew Bartels,
with Christopher Mines and Sarah
Musto states that following 2010, during which the US
tech sector grew about as twice as fast as the US economy, the 2011
outlook is for more of the same. Unfortunately, with the end of
economic stimulus programs, the politically divided US government
is unlikely to provide another boost to the economy; US GDP will be
hard-pressed to grow faster than 3% or so in real terms (4% or so
in current dollars) in 2011. Nonetheless, the US tech industry will
still grow about twice as fast as nominal GDP in 2011, at 7.4%, as
investments in Cloud and Smart Computing solutions provide the IT
tools for companies to grow profits despite weak revenue increases.
(The government market for IT will lag, though, as federal, state,
and local governments struggle with high deficits.) The computer
restocking and replacement boom that propelled the tech market in
2010 will slow to 5.9% growth in 2011, but software and IT
consulting services will pick up the slack, with growth of 8.4% and
8.2%, respectively.
ManageVision's cloud-based software suite permits
never-before-realized transparency and control to senior executives
who are charged with forging the company strategy and delivering
strategic solutions. The Gnosis Business Suite strengthens
accountability surrounding finance, compliance and delivery to
ensure cost is controlled, and budgets across the entire
organization are tracked with simplicity. With a common, functional
dashboard that everyone can work from, teams interact, communicate
and deliver more effectively with less overhead and wasted effort
no matter where they are in the world.
This purchase comes in light of recent developments, when TGI
entered into an agreement with Worldlink Group plc(WLO1), which has
patent protected technology platform for the transfer of real time
financial and other data to mobile devices and also recently
acquired trading platform and creation Edgetech Systems inc.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified
holding company. The Company offers its products and services to
clients on a worldwide basis and currently maintains JVs and
strategic alliances with installation, integration and energy
consulting firms. TGI's strategy is to acquire new patented
technologies, components, processes, designs and methods with
commercial value that will give market advantage and generate
shareholder value.
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1965: Those statements contained herein which are not
historical are forward-looking statements, and as such, are subject
to risks and uncertainties that could cause actual operating
results to materially differ from those contained in the
forward-looking statements. Such statements include, but are not
limited to, certain delays that are beyond the company's control,
with respect to market acceptance of new technologies, or product
delays in the testing and evaluation of products, and other risks,
as detailed in the company's periodic filings with the Securities
and Exchange Commission.
Contact: info@tgisolar.com
For ManageVision Inc.
Phone: 888-687-3309
E-Mail: sales@gnosistools.com
Website: www.managevision.com
SOURCE TGI Group